Bitget removes TokenFi (TOKEN) just four days right after launch

Launched just on October 27, TokenFi (TOKEN) issued by the Floki memecoin venture has been embroiled in a liquidity injection scandal, main exchange Bitget to c...

Bitget removes TokenFi (TOKEN) just 4 days after launch

Launched just on October 27, TokenFi (TOKEN) issued by the Floki memecoin venture has been embroiled in a liquidity injection scandal, main exchange Bitget to come to a decision to delist it.

Bitget removes TokenFi TOKEN just 4 days after launchBitget removes TokenFi (TOKEN) just four days right after launch

Second Notification On the afternoon of October 31, the evening of October 27, the Bitget exchange started listing TokenFi (TOKEN). However, right after this approach, the exchange observed some suspicious factors in the rate fluctuations and found that the venture had extra at least two,000 tokens to the liquidity pool on DEX, building suspicions of fraud by the crew and manipulation of the liquidity of the token.

Additionally, in the course of even more investigation, Bitget observed lots of probable difficulties exactly where the project’s tokenomics had been unclear. And to make certain customers, the exchange has determined to cease supporting TokenFi from October 31st.

TokenFi (TOKEN) is a venture in the area of launchpads, and Real World Asset (RWA) was just launched by Floki (FLOKI) on October 27. The project’s TOKEN coin has a complete provide of ten billion, split evenly involving the Ethereum and BNB Chain networks. Speaking of Floki, this is a neighborhood-developed and owned memecoin venture, inspired by Elon Musk’s Shiba Inu canine.

Bitget was founded in 2018, is a main cryptocurrency exchange centered on futures trading and copy trading providers, serving extra than eight million customers from extra than a hundred nations and territories.

Coinlive compiled

Maybe you are interested:

Join the discussion on the hottest difficulties in the DeFi market place in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!

More From Crypto News

Bitcoin Miner Selling Pressure Eases as Revenues Rise 78%
Crypto News

Bitcoin Miner Selling Pressure Eases as Revenues Rise 78%

Bitcoin miner selling pressure is easing as miner revenues post a reported 78% increase, according to CryptoPotato. The shift marks a notable change from the ag...

Oct 10, 20263 min read
Ethereum Selling Pressure Builds as ETH Falls Below 50-Day SMA
Crypto News

Ethereum Selling Pressure Builds as ETH Falls Below 50-Day SMA

Ethereum is facing renewed selling pressure after ETH slipped below its 50-day simple moving average, a technical level closely tracked by short-term traders as...

Oct 10, 20263 min read
Ledger Investigates Reported $86M Crypto Drain
Crypto News

Ledger Investigates Reported $86M Crypto Drain

Ledger is reportedly investigating a crypto drain estimated at $86 million, with reseller supply-chain concerns emerging as a central question in the case. The...

Oct 10, 20263 min read
NEAR Rises 10% as Bitcoin Rebounds Toward $83K
Crypto News

NEAR Rises 10% as Bitcoin Rebounds Toward $83K

NEAR Protocol surged more than 10% on October 10, 2026, hitting $5. 25 and posting the strongest daily gain among larger-cap altcoins, as Bitcoin shook off a mu...

Oct 10, 20263 min read
Ethereum ETF Approval Prediction Market: Can It Drive Demand This Week?
Crypto News

Ethereum ETF Approval Prediction Market: Can It Drive Demand This Week?

A new weekly prediction market on CryptoSlate is tracking where Ethereum closes by October 11, 2026, with the sub-$2,400 outcome currently leading at 15. 5%.

Oct 10, 20263 min read
THORChain TRON USDT Swaps Resume After $1.45M Freeze
Crypto News

THORChain TRON USDT Swaps Resume After $1.45M Freeze

THORChain has resumed TRON USDT swap functionality after $1. 45 million in USDT was frozen across four protocol vaults, restoring access for traders routing sta...

Oct 10, 20263 min read
Shiba Inu

Author

Shiba Inu

Read more CoinLive coverage and analysis from Shiba Inu.